Petrobras shares slump as Brazil’s Bolsonaro doubles down on intervention
Business Petrobras shares plunged 22per cent on Monday, wiping out 71 billion reais (US$13 billion) in market value, as Brazilian President Jair Bolsonaro again slammed its pricing policies after he replaced the state-controlled oil company's market-friendly CEO with a retired army general. FILE PHOTO: A logo of Brazil's state-run Petrobras…
bubmagFebruary 23, 2021